U.S. New Home Sales Preview U.S. New Home Sales Preview: January new home sales data should reveal a -3.3% headline decrease to a 465k (median 470k) pace from 481k in December and 431k in November. Other housing measures also fell for the month with starts down -2.0% to 1,065k from 1,087k and existing home sales down -4.9% to 4.820 M from 5.070 M in December.

09:42 EDT

Market has relatively quiet openStock futures showed little movement during the pre-market trading session and closed with a slight negative bias. As a result the market had a relatively quiet, though slightly lower, open. Investors will once again listen to Fed Chair Janet Yellen as she speaks before the Financial Services Committee beginning at 10:00 am EST. Investors will also be watching the new home sales report and weekly Department of Energy inventory reports, which are due out at 10 and 10:30 am, respectively. In early trading, the Dow is down 10 points, the Nasdaq is down 8 points and the S&P is down 3 points.

CFA Society of Cleveland to hold a discussionColonel Mateo Martemucci, U.S. Air Force, discusses the threat landscape in cyberspace, distinguishing between cyber attacks, cyber exploits, and cyber espionage in a discussion being held in Cleveland, Ohio on February 25 at 12 pm.

07:41 EDT

European Central Bank President Draghi testifiesECB President Draghi Testifies Before European Parliament in Brussels, Belgium on February 25 at 11:30 am.

07:35 EDT

U.S. MBA mortgage market index sank 3.5% U.S. MBA mortgage market index sank 3.5% in data released earlier, while the purchase index rose 4.6% and the refinancing index sank 7.5% for the week ended February 20. The average 30-year mortgage rate rose 6 basis points to 3.99% as an interim Greek debt debt reduced some safety premium for bonds, though data continues to come in mixed. Indeed, Yellen's testimony yesterday highlighted sluggishness in housing, despite low mortgage rates, as one factor justifying her affinity for policy patience for now. Analysts'll get another round of new home sales data today, which could underscore that point, after recent updates on existing home sales and housing starts have proved disappointing.

Futures slightly lower in early tradingU..S. equity futures are lower this morning in early trading. Yesterday Fed Chairwoman Janet Yellen reiterated, during testimony before a Senate committee, that the Fed would take a patient approach to raising interest rates. Today investors will be examining a new home sales report and the weekly Department of Energy Inventory report.